Net Profit for Woqod in Q1, 2017 Fell to QR 176.5
Million
Earnings per share stood at
QR 1.77
April 27, 2017
Net profit for Qatar Fuel (Woqod) in the first quarter reached
QR 176.5 million
compared to QR 242.69 million in the corresponding period
last year. Earnings per share reached QR 1.77 compared to QR
2.44 in the corresponding period in 2016.
The Group Securities Comment:
Total profit for Woqod from its direct activity in the first
quarter decreased by 7.7% to QR 293.1 million. The decrease
resulted from higher cost than sales value. Other income rose by
10.4% to QR 301.4 million, while expenses rose by 20% to QR
389.7 million. As a result, net profit attributable to
shareholders decreased by 27.3% to QR 176.5 million
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